Vikran Engineering IPO: GMP, Price, Key Dates & Financial Performance
- Krishna Priya
- 6 days ago
- 2 min read
Vikran Engineering Limited has set an issue price of ₹97 per share, and retail investors can apply for as few as 148 shares, requiring a minimum investment of ₹14,356.
IPO Snapshots
Detail | Information |
Total Issue Size | ₹772.00 Cr |
Fresh Issue | ₹721.00 Cr |
Offer for Sale | ₹51.00 Cr |
Price Band | ₹97 per share |
Lot Size | 148 shares |
Minimum Investment | ₹14,356 |
Listing | NSE & BSE |
IPO Opens | August 26, 2025 |
IPO Closes | August 29, 2025 |
Incorporated in 2008, Vikran Engineering Limited is an EPC company engaged in power transmission & distribution, water supply, railways, and solar projects. The firm has executed 45 projects across 14 states worth ₹1,919.9 Cr and has an order book of ₹24,424.4 Cr as of June 30, 2025. Key government clients include NTPC, Power Grid Corporation of India, and state power distribution companies.
Financial Performance
Period Ended | Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
31 Mar 2025 | 915.85 Cr | 77.82 Cr |
31 Mar 2024 | 785.95 Cr | 74.83 Cr |
31 Mar 2023 | 524.31 Cr | 42.84 Cr |
Grey Market Premium (GMP)
As of now, the Grey Market Premium (GMP) for Vikran Engineering IPO is ₹13. Based on the issue price of ₹97, the estimated listing price stands at ₹110, implying a potential gain of about 13.40% per share.
Peer Comparison
Company Name | CMP (₹) | Mar Cap (₹ Cr) | P/E | Sales (₹ Cr) | OPM % | NP 12M (₹ Cr) |
Vikran Engineering | — | — | — | 915.85 | — | 77.82 |
Bajel Projects | 200.23 | 2,315.07 | 2.55 | 2,693.86 | 13.26 | 174.59 |
Kalpataru Projects | 1,263.20 | 21,571.99 | 30.53 | 23,900.35 | 8.29 | 696.91 |
Techno Electric Engg. | 1,521.90 | 17,699.63 | 40.61 | 2,419.26 | 15.68 | 460.97 |
SPML Infra | 273.15 | 1,958.20 | 41.55 | 719.78 | 5.34 | 47.13 |
KEC International | 818.60 | 21,791.13 | 35.85 | 22,357.69 | 7.08 | 607.77 |
Transrail Lighting | 761.40 | 10,222.25 | 26.85 | 6,051.82 | 12.44 | 380.74 |
Use of Proceeds
Vikran Engineering Limited plans to utilize the IPO proceeds primarily to fund its working capital requirements with an allocation of around ₹541 Cr, while the remaining funds will be directed towards general corporate purposes to support overall business operations and strategic initiatives.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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